313 Michigan StConcordMI49237
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Concord at 313 Michigan St, Concord, MI, 49237 uses $69,284 cash to close to unlock $140/yr annual cash flow and $12/mo monthly cash flow. Total monthly income runs $1,390/mo, and a $1,023/mo payment keeps the spread at $12/mo. Purchase price stands at $209,000, and rental yield measures 7.98% with $1,390/mo rent. Return on cash invested shows 20.11% in year one, and 5% annual appreciation builds toward $57,743 over five years. Five-year ROI reaches 104.48% and total cumulative return in cash records $72,386. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,390/mo property income covering a $1,023/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49237, Concord, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,278 (100%) |
| Owner Occupied HU | 1,029 (80.5%) |
| Renter Occupied HU | 142 (11.1%) |
| Vacant Housing Units | 107 ( 8.4%) |
| Median Home Value | $234,517 |
| Average Home Value | $255,493 |
Housing Distribution
Address Breakdown
Residential
1,115
Single Family
1,115
Multi-Family
0
Businesses
68
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